General News – Page 441
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Bharati wins Clipper deal
Bharati Shipyard in Mumbai, India, has signed a $130.5 million contract with Clipper Group (Management) Ltd. of the Bahamas to build six 20,000 dwt geared bulk carriers. These newbuildings will be of the first of the ?Inventor? series designed by Algoship and will measure 155 metres in length, 24 metres ...
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Aqua-Terra bags CNOOC job
Aqua-Terra, one of the three Singapore-listed oil services firms headed by Indonesian tycoon Kris Wiluan, said it would supply equipment and manage projects worth over $44 million for the Chinese oil major's CNOOC Oil Base Group. Aqua-Terra has also entered into a partnership with CNOOC to provide shipbuilding services. Under ...
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Deltamarin and V.Ships in JV
Deltamarin, the Finnish naval architecture and marine engineering group, and V.Ships Leisure, the provider of third party ship management and related services to the passenger shipping industry, have formed a joint venture company called V.Delta. The new company will provide safe, efficient, cost and time effective conversion solutions to cruise ...
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DNV eases adoption of IMO coating regs
Following considerable demand from shipyards across Asia, classification society DNV is preparing a sample Coating Technical File (CTF) as a guideline for shipbuilders to follow in the wake of the IMO-stipulated New Performance Standard for Protective Coatings (PSPC) on Water Ballast Tanks (WBT) adopted on 8 December, 2006.As part of ...
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Viking orders ropax from Spain
The Helsinki-based Nordic and Baltic cruise operator Viking Line has placed a $78 million order for a new passenger ship with Spanish shipyard Astilleros de Sevilla SA.The vessel, which is due for delivery in March 2009, will carry 1,500 passengers and 320 cars. Viking Line said the ship will operate ...
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Cosco to build well intervention semi
Cosco Shipyard Group in China has signed an LOI with Marine Accurate Well ASA in Norway to build a GM4000 semi-submersible for well intervention services valued at $200 million. The contract signing is expected later this month and includes an option for three more new vessels. The GM4000 is designed ...
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Thales DCN tie-up
Thales and the French state-owned shipyard DCN have reached a long-awaited tie-up agreement in which Thales will take a 25% stake in DCN as DCN takes over most of Thales' naval activities. The agreement gives Thales the possibility of raising its stake in DCN to 35% in two years.DCN will ...
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Hudong to invest in shipyards and technology
Hudong Heavy Machinery in China plans to raise RMB 12 billion ($1.54 billion) from a share placement that it will use to fund its purchase of shipyards and to invest in new technologies.With the proceeds, Hudong will buy 100% of Shanghai Waigaoqiao Shipbuilding Co. and CSSC Chengxi Shipyards and 54% ...
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MHI and DU form alliance
Mitsubishi Heavy Industries in Japan (MHI) has agreed to form a business alliance in low-speed diesel engines for marine use with Diesel United (DU), a subsidiary of Ishikawajima-Harima Heavy Industries (IHI). In addition to developing, producing and granting licenses for Mitsubishi-UE diesel engines, which are Japan's only independently developed low-speed ...
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Petrobras to build 26 tankers
Transpetro, the transportation arm of Brazilian oil giant Petrobras, has signed an agreement with the Atl?ntico Sul consortium for building 10 new Suezmax oil tankers. This is the first order in the company's fleet modernization and expansion program, which forecasts the building of 42 deep-sea vessels. According to Petrobras, its ...
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Japan and Korean yards win new orders
Tsuneishi Corporation in Japan has won a contract for four 82,100DWT bulk carriers from Andriaki costing $40 million each. They will be delivered during 2010. Shinwa Kaiun Kaisha in Japan ordered a 19,000DWT chemical tanker from Fukuoka Shipbuilding in Japan with delivery of March 2009. 21C Shipbuilding in South ...
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Trinity buys Pipavav stake
Trinity Capital has bought a 10.43% stake in Pipavav Shipyard Ltd, promoted by Nikhil Gandhi-backed Sea King Infrastructure, for $23.5 million. Existing investors in Pipavav Shipyard include financial institutions such as IL&FS and Exim Bank, which have a majority 51% stake in the company. "The acquisition is the second investment ...
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DDG 1000 destroyer project progresses
The US Navy has awarded Northrop Grumman Corporation a $268 million contract for continuation of detail design efforts on the Zumwalt-class destroyer, DDG 1000. "This award reinforces the Navy's confidence in our ability to execute the program to cost and on schedule," said Brian Cuccias, Northrop Grumman vice president of ...
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Risks and rewards in Arctic region
Maritime operations supporting the Arctic region?s oil, gas and mineral reserves are poised for vast growth but the potential for high returns is matched by a unique set of risks for a shipping sector still in its infancy. Bankers, insurers and conservationists will be among those sounding a warning note ...
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ISU focuses on ultra-large wreck removals
The salvage problems surrounding ultra-large vessels will provide the focus for the International Salvage Union?s (ISU) fourth Associate Members? Day meeting in London on 7 March. The meeting will be attended by representatives of a high proportion of the ISU?s 43 Associate Members and 53 full Members. The conference programme ...
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CSSC becomes number three
The China State Shipbuilding Corporation (CSSC) became the world's third largest shipbuilding conglomerate last year, behind Korea's Hyundai Heavy Industries and Japan's Imabari Shipbuilding Company. CCSC, which ranked fifth in the world in 2005, finished manufacturing 103 new ships for civil use, about 6.02 million deadweight tonnes in total, ...
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Jaya to deliver AHTS
The first Anchor Handling Tug Supply (AHTS) vessel, Sea Cheetah, from Jaya Shipyard in Singapore is expected to be delivered on 8 February which was the original delivery date. Deep Sea Supply has entered into a 3-4 months time charter with Acergy. The value of the charter is approximately $6.5m, ...
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Korea?s domestic investment dwindling
The amount of overseas investment by Korean businesses last year more than doubled over that of previous year but at the expense of domestic investment. To make the matter worse, foreign investment in Korea is at a standstill. According to the Ministry of Finance and Economy, overseas investment by Korean ...
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BAE bids for DML
BAE Systems, the UK?s biggest defence contractor, is poised to win control of the Devonport dockyard, home to Britain's nuclear submarine fleet, after Babcock International appeared to draw back from making an offer. KBR, the US defence firm that controls Devonport, admitted publicly that it had received enquiries about its ...
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Triton heading down under
Gardline Australia Pty Ltd, a subsidiary of Gardline Group in Great Yarmouth, UK, has signed a one-year contract for ?Triton? to augment the customs patrol boat fleet as the Australian Government strengthens its enforcement activities against illegal foreign fishing vessels.The Australians selected the ?Triton? on the basis of her "range, ...
